Member Info for 1pencil

Here's another possible candidate https://www.sipcam-oxon.com/en/

These guys already have an investment in Eden where Cenkos is also house broker

I just checked, the NMS is 3000 shares which explains why breaking it into thee lots worked.

Nice one davey, your average will come down markedly too.

Worth a mention on how illiquid this share is, tried buying 10k on Tuesday afternoon but broker unable to execute trade due to no stock, quote was under my buy price by 3p

Ended up following day breaking into three lots, still had to pay 5p over the odds - sometimes its all is not what it seems.

To the best of my knowledge none of the major holders have sold, General Atlantic are still on 4m but below notifiable threshold due to share issues.

https://www.nasdaq.com/market-activity/institutional-portfolio/general-atlantic-lp-57841

Picked up one or two smaller holders along the way

https://www.nasdaq.com/market-activity/institutional-portfolio/cannon-global-investment-management-llc-1145829

Well said Matty !

These are the actual number for money flow into China.

https://www.china-briefing.com/news/china-records-steady-fdi-growth-in-2022/#:~:text=The%20main%20sources%20of%20FDI,%2Don%2Dyear%2C%20respectively.

Cant see anyone selling 5m shares at this level but you never know, the smaller 500k are more important imo as market makers and props absorb any tracker sells to fill orders, takes while though.

Kelso have visited THG offices, post from Kelso/Matt cant remember which one.

Amones, these guys are the movers and shakers, set the tone for others to follow - last years there was a leaked email from one of the banks wiping billions off the Chinese markets, skip back on this thread for details.

Morgan Stanley another mover shaker

A string of global asset managers including have applied to set up fully-owned mutual fund units in China after foreign ownership restrictions were scrapped

https://www.scmp.com/business/banking-finance/article/3209143/morgan-stanley-approved-take-full-control-mainland-joint-venture-china-further-opens-its-us4

Kelso raised £2.8m net of expenses, this would equate to c£14m with leverage if used.

Looking through their prospectus there's no fixed mandate other than what has already been said via presentations. In essence the board has a very broad remit of what they can/can't do with regard to investments, contrast this with a traditional fund which can only invest in say mid caps on the Premium market.

One has to assume given Kelso's timings of fund raise/AGM/Mell that these guys are fairly active, overall market was dire today so has to be some buying to absorb tracker selling.

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FTSE rankings update every couple of weeks, will be interesting to see where THG is now placed given recent share price movement, Ocado for instance dropping out of FTSE100 leaving a nice spot for THG ..

Its worth reading up on the background to below presentation by Jamie.

"We believe integrating the strengths of CIFM's local operating expertise with the resources and global scale of J.P. Morgan creates powerful momentum. Our strategic goal is to significantly grow JPMAM China to become the leading foreign asset manager in China and contribute to JPMAM becoming the leading manager of China assets to global investors," said Dan Watkins, Asia Pacific Chief Executive Officer, J.P. Morgan Asset Management."

https://www.prnewswire.com/news-releases/jp-morgan-asset-management-receives-regulatory-approval-for-100-ownership-of-china-joint-venture-301727014.html

Although Kelso are small shareholder wise you don't know where this could go, lots of influential figures involved with more connections than BT ..

Starting new threads

Quick heads up, when posting on LSE (this web site) refers to box above actual message as 'Subject' when in fact it starts a new thread. Those using ''thread view' can see individual; threads, too many or not continuing with existing conversations make it harder to follow.

Speaking at the JPMorgan Global China Summit in Shanghai — in his first visit to China since his 2021 apology for joking that JPMorgan would outlast the Chinese Communist Party — Dimon said that security and trade disputes between the world’s two largest economies over are “resolvable.”

“You’re not going to fix these things if you are just sitting across the Pacific yelling at each other, so I’m hoping we have real engagement,” Dimon said, according to Reuters.

https://www.cnbc.com/2023/05/31/dimon-calls-for-washington-beijing-engagement-in-first-china-visit-since-2021-controversy.html

"Private capital will be encouraged to invest in scientific and technological innovation projects and the integrated circuits, biomedicine, and artificial intelligence industries."

http://www.chinadaily.com.cn/a/202305/31/WS6476a3a1a3107584c3ac3154.html

There's a ton of money pouring into China, Musk announced expansion plans, every day EU companies announcing their plans also.

Lots of other companies signalling under valuations

https://www.scmp.com/business/china-business/article/3222406/aia-tencent-xiaomi-some-hong-kongs-top-listed-firms-boost-share-buy-backs-bear-market-sets

Warren Buffett: Other people doing dumb things is what creates good opportunities

All the signs are there, just a case of how it plays out.

Followed Griffiths for a while now, its not his style to bail out after such a long period of investment, we are talking 10 years or more with PHC with huge losses.

Management have already mentioned fund raising on AIM< in their last RNS for what purpose, that's corporate action.

Interesting times though...

Although THG is included its really a Kelso presentation to get investors onboard in that vehicle.

Its an unusual way to go about things but perhaps that's a reflection of UK markets being so undervalued.

This is another point that stood out: Use high net worth & PE investor contacts to underwrite certain deals (p9)

Just thinking this through while watering plants.

Griffiths could be a real thorn in the side of managements plans for a higher share price if they intend to raise with less dilution, on the other hand its also an opportunity to help facilitate any buy out/merger/takeover, 12% is a nice block of voting shares especially if you are someone like Ospraie with a fair chunk already.

At first I thought it odd to appoint James Ede-Golightly to the board then start selling, but of course that was well before WANDisco collapse and has yet to be resolved.

The other pointer to corporate activity of course is Kate Coppinger

Kate Coppinger is an experienced Non-Executive Director with an extensive background in investment banking and transaction execution. Having started her career as a research analyst at CIBC World Markets, she joined Harrison Lovegrove in 2000 and continued in her role, which focused on M&A transactions, within Standard Chartered Bank until 2020 following its acquisition of Harrison Lovegrove in 2007.

I would speculate Kelso have already been active hence delay is publishing investor presentation. Whilst we may not get a formal TR1 Kelso are likely to update their own shareholders on new/additional investments.

Curious to see retail investors get a mention - Hello Kelso : )